More News, Rumors and Opinions Wednesday PM 2-19-2025
KTFA:
Clare: Sistani’s office expects the beginning and end of Ramadan without completing the waiting period
2/19/2025
The office of the highest Shiite authority in Iraq, Ayatollah Ali al-Sistani, predicted today, Wednesday, the beginning of the month of Ramadan for the year 2025.
The office expected that the month of Ramadan would begin on Sunday, the second of March, and end on the 30th of the same month.
According to the calendar published by the office, the month of fasting will not be complete for 29 days.
KTFA:
Clare: Sistani’s office expects the beginning and end of Ramadan without completing the waiting period
2/19/2025
The office of the highest Shiite authority in Iraq, Ayatollah Ali al-Sistani, predicted today, Wednesday, the beginning of the month of Ramadan for the year 2025.
The office expected that the month of Ramadan would begin on Sunday, the second of March, and end on the 30th of the same month.
According to the calendar published by the office, the month of fasting will not be complete for 29 days. LINK
Clare: Kuwait decides to include Iraqis in electronic tourist entry visas
2/19/2025
The Iraqi Ambassador to Kuwait, Al-Manhal Al-Safi, announced his thanks to Kuwait for the decision to include Iraqi citizens in electronic tourist entry visas starting yesterday, Tuesday.
Al-Safi said in a statement to reporters on the sidelines of his attendance at the Japanese embassy’s celebration of the National Day: “This step comes as a culmination of the efforts made by the Iraqi embassy in the country in cooperation with the Kuwaiti authorities, and it also came against the backdrop of the success achieved during the Gulf Cup Football Championship {Gulf 26}, noting that this step aims to strengthen bilateral relations between the two brotherly countries.”
Regarding the mechanism for obtaining visas, Al-Safi explained that the same mechanism adopted by the Kuwaiti authorities for the entry of Iraqi tourists with a tourist visa has been adopted, adding, “It can be obtained by entering the Kuwaiti Ministry of Interior website {Kuwait Visa} and filling out all the requirements for the entry visa, including the availability of a hotel reservation, or an address within the State of Kuwait.”
He added, “The validity period of entry with a tourist visa will be one month by land or air.”
On the other hand, the Iraqi ambassador praised the results of the eighth meeting of the Technical Legal Committee, which was held last Sunday in Kuwait in a positive atmosphere, noting that the meeting was held according to the agreed upon mechanism to hold it periodically every two months in the capitals of the two brotherly countries, as the previous meeting was held in Baghdad.
He stressed that the meetings are ongoing and take their time, and that each meeting produces new horizons, noting that pushing these negotiations forward reflects the desire of the two brotherly countries to move forward in drawing the roadmap. LINK
***************
Courtesy of Dinar Guru: https://www.dinarguru.com/
Militia Man Article: “Britain: Iraqi government supports private sector, encourages international investment” Iraq is making headway and the Iraqi-British Council see what Iraq has to offer for international investment and the private sector! The World Bank is in agreement! The signs of Iraq opening to the International Financial System are everywhere Al-Sudani Prime Minister of Iraq turns! It is truly amazing to watch take shape! All investors in the Iraqi dinar should be smiling large! I know I am.
Frank26 [Iraq boots-on-the-ground report] FIREFLY:
Saleh on television…he says the Iraqi dinar will regain its strength and the exchange rate will return to balance sooner or later. FRANK: This is the Finance Minister telling the Iraqi citizens, ‘Hey, the Iraqi dinar will regain its strength’. So you’re trying to tell us that 1310 is going to be soon removed… 1310 is an imbalanced rate. What is balanced? IMO anything at 1 to 1 and above… FIREFLY: He also said this decision depends on completing the methodology of the financial and banking reforms. FRANK: Consider this the final countdown.
“Wall Street Talk Of Gold Revaluation Is Drawing Attention”
Arcadia Economics: 2-19-2025
First Treasury Secretary Scott Bessent talks about ‘monetizing the assets on the US balance sheet for the people,’ and now Bloomberg is publishing articles about how a gold revaluation is drawing a lot of attention on Wall Street.
Which makes it an exciting time in the gold and silver markets.
And in today’s show we go through the Bloomberg article, some of the latest signs of tightness in the precious metals markets, and all of the latest news. So to find out more, click to watch the video now!
Bruce’s Big Call Dinar Intel Tuesday Night 2-18-25
Bruce’s Big Call Dinar Intel Tuesday Night 2-18-25
Transcribed By WiserNow Emailed To Recaps
Welcome everybody to the big call tonight. It is Tuesday, February 18th and you're listening to the big call. Welcome everybody, all over the globe, wherever we're getting the call out to, which is really kind of cool, I know, let's say on last Thursday's call, we had over 11 million people listening live, and we have a number of people that listen to the replay, and that tends to put us up in that 18 to 24 million in that range. But thank you for listening, if you're out there. We appreciate you, wherever you're located all over the globe. Thanks for tuning in. And let's have a great call tonight
All right, let's talk about the Intel where we are. Now here’s my disclaimer, I should do this on every call, but I don't really think to do it. But you realize by now I have information that nobody else has - I do bring it when it's applicable, when I can share it with you guys. We have contacts - and I've told you guys in the past some of who these contacts are, and some of them are remarkable. They know things, and sometimes they tell a thing that I just can't bring out on the big call.
Bruce’s Big Call Dinar Intel Tuesday Night 2-18-25
Transcribed By WiserNow Emailed To Recaps
Welcome everybody to the big call tonight. It is Tuesday, February 18th and you're listening to the big call. Welcome everybody, all over the globe, wherever we're getting the call out to, which is really kind of cool, I know, let's say on last Thursday's call, we had over 11 million people listening live, and we have a number of people that listen to the replay, and that tends to put us up in that 18 to 24 million in that range. But thank you for listening, if you're out there. We appreciate you, wherever you're located all over the globe. Thanks for tuning in. And let's have a great call tonight
All right, let's talk about the Intel where we are. Now here’s my disclaimer, I should do this on every call, but I don't really think to do it. But you realize by now I have information that nobody else has - I do bring it when it's applicable, when I can share it with you guys. We have contacts - and I've told you guys in the past some of who these contacts are, and some of them are remarkable. They know things, and sometimes they tell a thing that I just can't bring out on the big call.
But what I can tell you is, when I get information and it's verified, let's say, four or five different sources that don’t know each other - It's something that I take very seriously. And I think, oh, man, this is it - This is happening - from this one, this one, this one, this one, and this one, and it's looking good, looking very good.
And so when I get enthusiastic and bringing out Intel. And just like last Thursday, I was just about calling it - I didn't even call it. I know it. I know and but it didn’t happened yet, and even the information that we got from, I'm going to say, Saturday, Sunday, Monday, was indicating that we had, and this is what one of the sources said, we got a 99.9% chance of being notified today, Tuesday, today. Well, guess what? The 1/10 of a percent wonwe did not get notified today.
I think we were also told by another source that Tuesday, Wednesday would be blockbuster days for us, and Tuesday was not a blockbuster day yet. I don't think it's going to be – Now. Could Wednesday, Thursday be our blockbuster days, I think so. I think so –
We didn't get the final little push I wanted with Intel right before the big call. So I might get it before I stop talking tonight, or I might get it after the call tonight, or we might even get it tomorrow. I could tell you this much, the redemption center leader we talk to occasionally – when we’re able, was expecting an email at 715 this morning, and he got the email, and it said, “pending “ – “Be prepared to go in at a moment's notice”, that was into redemption Center as a leader.
Now, as far as I know, there was one more email that he would receive that would be an assignment email that would tell him when to go in today, or whenever. My knowledge so far, we did not hear confirmation that that second email has come out. The first one was “pending” – “be prepared to go in at a moment's notice”, but that second email giving the assignment of when to go in did NOT occur, as far as we know today
Now – could it occur overnight could it occur in the morning. Could it occur at 715 in the morning and then he goes in at eight o'clock or whatever. I think that's quite possible.
What I did hear was last Saturday. We've got sources in Iraq that we talk to - we did hear, that last Saturday, we were told that Wednesday, which is tomorrow, we should have the new revalued dinar rate in published into the official record of Iraq which they call the Gazette.
Now that would be tomorrow, early morning, if that is still on. I think that looks good for us to get our notifications tomorrow. But Some sources say that Iraq publishing the rate in the gazette has nothing to do with us getting this when we get it. I I know that Iraq has been called the lynch pin for years in terms of the RV, in terms of the GCR and everything moving forward.
So I think they're still very important, very much a part of having this go shortly after their newly revalued dinar rate makes its way into the Gazette, but I still think it's important for us. So that's what we heard last Saturday. Remember, we haven't done a call since Thursday of last week.
So beyond that, we're also hearing that the hold up today, the fact we didn't get it today, might have something to do with Treasury getting out more USTN paper, new dollar, currency, United States Treasury notes into the banks, possibly the redemption centers, although I know banks and redemption centers got USTN currency in a year and a half ago and we know who delivered it
We know when they delivered it. We know roughly how much they delivered and it's was put in the vaults. And as far as I know, it's probably still in the vaults, but that new currency should be at the levels that they want us to have when we go in. And when will the USTN be brought out?
I think it will be brought out on whatever first day it is that we go in for exchanges, which could be as early as tomorrow. It could be Thursday, if we got notified tomorrow, which is Wednesday. What did Charlie Ward’s guy Roger, say to us? Roger said, it may not be Charlie Ward's Thursday, but it might be your Thursday, reflecting from Charlie and saying it would be our Thursday this Thursday.
Now, you know, I'm hoping that's correct. I'm hoping that's right. Maybe get notified in the morning, maybe tomorrow, when we set appointments for Thursday. I don't know at this point, it's not absolute - all I'm trying to do is give you what I'm hearing and weeding out things that don’t matter or are irrelevant to us.
Now I did hear, I did not see these two reports, but I understood that on NewsMax and on Fox, there were short reports about the R&R about restitution and reconciliation allowance. Restitution and reconciliation allowance coming soon, coming very soon, and I've heard that R and R is going to be there for us that are going in for our exchanges - When we go in, we would have, when we set up our quantum account, and we're doing our exchanges that they would have the R and R money to put into our account, into our quantum accounts.
Now, for people that aren't exchanging currency, that are of retirement age, which they're considering 60 years and older, you would receive your R and R funds restitution and reconciliation allowance. You would get the R and R money by direct deposit - If you're receiving Social Security -You would get in that bank account where you get your social - Now it's not the increase in social security - that's completely separate, but we're hearing that will still be for R, and R will still be this month.
It may come down to the last week of this month, at least right now, that's what we're hearing. And the same thing is true of the increase in Social Security.
We're hearing that increase is to occur the end of February. There's only 28 days, and today is the 10 more days to go. So I think it's interesting that a report on R&R made its way into Fox News and Newsmax today, I thought that was very interesting
I have heard that the maximum amount of R and R money, this would be for older individuals that paid a lot of money in taxes, already gotten married once or twice or three times. You know, there's a lot of variables right? Besides your birth certificate trading on that they trade on marriage licenses, traded on your divorce decree - spouse death, and she died or he died, that type of thing. There's money that comes from that in our own accounts. They've got it.
So I've heard the maximum, it's going to be in around $88 million but that money might come to somebody who's not even involved in the currencies at all. I don't think that’s where most of us will be. I think most of us might be, you know, half of that, or less than half of that, but it is something that helps to hydrate our population here, especially over population
Now - Remember, we had the idea of two age groups, 30 to 45 – 45- 60 and 60 and older would get as a lump sum, right? Lump sum payment if you're 60 and over. Now they've redone that. And I think everybody that's under retirement age, which I think they're called 61 retirement age, anybody less than that from age 30 to 61 will get the R&R, whatever that total amount is for them at that age that they started at, which is 30 or 40 or 50, or whatever age you know you are, when you start getting it, you'll get it monthly until the age of 61 - you'll get it monthly. The whole amount would be broken down into monthly payments
And if you’re younger than 60? I believe 61 you have to sign something that says that you will NOT quit your job - Or if you don't have a job, you get a job. Basically, they want us to be working and not to just get this and not work for a living. You know, it's going to be a nice little stipend, really every month - It sounds to me like
I don't know how to calculate it for younger people that are 30 to 40 to 50 years old, but it's going to be a major deal, and it sounds like it still could go this month, but why would they bring on the news R and R and the news on Newsmax and Fox today? I don't know, but I think it's interesting.
I think we're very close to getting all of this - our blessing. Hopefully it's still tomorrow or Thursday that we get it the next couple of days, and then RNR would be there for us when we open our quantum account at the redemption center - we would be able to get the additional amount of the R and R.
So I think that's what I wanted to cover tonight. So guys, I wish I could do absolute on this. You know, I'd love to absolutely have it, have an 800 number to put out and call it a celebration call. That's what I was hoping today would be. But you know what might be Thursday that we have that celebration call?
It could be Thursday. I'm going to say what we need to do is stay enthusiastic for it. Have passion, be compassionate about the fact that we are that close and the fact that everything that President Trump doing and that Elon Musk is doing with Doge is for our benefit, he's finding waste, fraud and abuse in all government entities, all organizations,
I'm thinking, if there's anything else that was relevant to us and to our start. Like I said, guys, I wish I had that last minute Intel push that would tell us give us more secure feelings about the next two days, but because we had a 99.9% chance of being notified today Tuesday, and we didn't get it today.
It sort of makes it look real strong for the next two days, Wednesday and Thursday. I'm hoping that, hey, I know you all are, remember, I'm just a messenger, and I'm doing the best I can to bring most relevant information that I receive. And sometimes we get a lot, sometimes don't get much of anything, and we just do the best we can to piece it together for you.
And so I'm excited. And you know what? Maybe we get notified and we start exchange Thursdays. We'll have a celebration called Thursday night. So let's just stay tuned and see what comes in, and hopefully we get notified. We can set appointments right away. All right, so let's do this. Let's pray the call out come off the recording regarding
So let's keep an eye out. Let's see what happens tomorrow, and we'll talk to you Thursday, hopefully with celebration call. All right, everybody, let's turn off the recording.
Bruce’s Big Call Dinar Intel Tuesday Night 2-18-25 REPLAY LINK Intel Begins 1:00:00
Bruce’s Big Call Dinar Intel Thursday Night 2-13-25 REPLAY LINK Intel begins 1:19:20
Bruce’s Big Call Dinar Intel Tuesday Night 2-11-25 REPLAY LINK Intel Begins 1:07:37
Bruce’s Big Call Dinar Intel Thursday Night 2-6-25 REPLAY LINK Intel begins 1:19:4O
Bruce’s Big Call Dinar Intel Tuesday Night 2-4-25 REPLAY LINK Intel Begins 44:24
Seeds of Wisdom RV and Economic Updates Wednesday Afternoon 2-19-25
Good Afternoon Dinar Recaps,
FRANKLIN TEMPLETON LAUNCHES TOKENIZED U.S. TREASURY FUND IN LUXEMBOURG
Franklin Templeton, a leading global asset manager, announced on Wednesday the launch of its tokenized U.S. Treasury fund in Luxembourg, broadening access for institutional investors across Europe.
The First Fully Tokenized U.S. Gov’t Fund
Notably, the Franklin OnChain U.S. Government Money Fund is the first fully tokenized Luxembourg-based fund investing in U.S. government securities, as per the press release. This would mean that Shares in the fund are recorded and transferred on the blockchain using Franklin Templeton’s platform, improving efficiency, transparency, and security.
Good Afternoon Dinar Recaps,
FRANKLIN TEMPLETON LAUNCHES TOKENIZED U.S. TREASURY FUND IN LUXEMBOURG
Franklin Templeton, a leading global asset manager, announced on Wednesday the launch of its tokenized U.S. Treasury fund in Luxembourg, broadening access for institutional investors across Europe.
The First Fully Tokenized U.S. Gov’t Fund
Notably, the Franklin OnChain U.S. Government Money Fund is the first fully tokenized Luxembourg-based fund investing in U.S. government securities, as per the press release. This would mean that Shares in the fund are recorded and transferred on the blockchain using Franklin Templeton’s platform, improving efficiency, transparency, and security.
The fund operates on the Stellar XLM network and is available to institutional investors in eight European countries, including Austria, France, Germany and Italy, following regulatory approval in October. Notably, the U.S. version of the fund, launched in 2021, has gained over $580 million in assets but is only available to U.S. investors, according to rwa.xyz data.
European Investors Gain Access to Efficient Investment Option
This launch gives institutional investors in eight European countries access to a more efficient and transparent investment option. By using blockchain, it modernizes transactions and emphasizes the growing role of tokenization in finance. As real-world asset tokenization rises, it’s clear that traditional finance and crypto are merging.
Tokenized U.S. Treasuries are leading the charge in real-world asset tokenization, growing into a $4 billion market this year. Franklin Templeton was the first major financial institution to launch such a product, making it the third-largest tokenized treasury fund by assets, Hashnote’s USYC and BUIDL, issued by BlackRock and Securitize.
Franklin Templeton Expands Tokenized Treasury Fund to Solana
Recently, Franklin Templeton announced expanding its tokenized treasury fund to Solana. This move followed the registration of the Franklin Solana Trust in Delaware previously. The fund also known as Franklin OnChain U.S. Government Money Fund (FOBXX) was made accessible on eight blockchains, adding Solana to its previous networks, which included Stellar, Aptos, Avalanche, Arbitrum, Polygon, Base, and Ethereum.
@ Newshounds News™
Source: Coinpedia
~~~~~~~~~
BRICS: RUSSIA EXPLORES MAJOR PARTNERSHIP WITH THE U.S
BRICS member Russia is exploring major partnerships with the U.S. to help its economy stay afloat. The Biden administration pressed sanctions on Russia in February 2022 for invading and waging war against its neighboring country Ukraine.
The White House sent billions to Zelensky through funds, warplanes, and military equipment. Despite receiving billions, Zelensky repeatedly demanded more and gained funds from the U.S. and the European Union (EU).
Russia is now eyeing deals with the Trump administration to save its economy from collapsing. The U.S. and BRICS member Russia discussed possible cooperation on energy projects in the Arctic during a meeting in Saudi Arabia.
Kirill Dmitriev, the head of the state-owned Russian Direct Investment Fund (RDIF) confirmed that both sides negotiated some “specific areas of cooperation” and also discussed other economic policies in broad strokes.
BRICS: Russia & U.S. Look at Energy Projects in the Arctic Region
Dmitriev revealed that BRICS member Russia and the U.S. may initiate joint energy projects in the Arctic region. “It was more a general discussion — maybe joint projects in the Arctic. We specifically discussed the Arctic,” Dmitriev said. The discussions are yet to turn into official policy as both sides are weighing their options.
If the deal goes through with the U.S., BRICS member Russia could get an economic boost that could bolster its GDP. Russia’s economy has been stagnant and Putin was finding alternative options to settle trade. Trump made it clear that he wants the U.S. to dominate the oil and gas sector leaving no room for others.
Dmitriev said that BRICS member Russia is confident that a new energy deal with the U.S. could go through. Russia is “Positive after the Biden administration destroyed all of the communication, and destroyed all of the discussion,” he said. A new chapter in the energy sector could open up if the U.S. and Russia’s Arctic oil deal goes through.
@ Newshounds News™
Source: Watcher Guru
~~~~~~~~~
@ Newshounds News™
Source: CoinTelegraph on Telegram
~~~~~~~~~
@ Newshounds News™
Source: BricsNews on Telegram
~~~~~~~~~
Seeds of Wisdom Team RV Currency Facts Youtube and Rumble
Newshound's Podcast Link
Newshound's News Telegram Room Link
Q & A Classroom Link
Follow the Roadmap
Follow the Timeline
Seeds of Wisdom Team™ Website
Subscribe to Seeds of Wisdom Team™ Newsletter
Thank you Dinar Recaps
Is The US Govt Scrambling To Buy Gold? | Michael Pento
Is The US Govt Scrambling To Buy Gold? | Michael Pento
Liberty and Finance: 2-18-2025
In this interview, Michael Pento offers a compelling theory about the U.S. gold reserves, suggesting that the official 261 million ounces of gold reported by the Treasury may not truly be there.
He speculates that the U.S. government could be scrambling to buy gold to replace what has been loaned out or never existed, potentially in preparation for an audit.
The price of gold has been defying expectations. Despite headwinds from high interest rates and a strong dollar – factors that typically depress the price of the precious metal – it continues its upward march. Is inflation the only driver? According to market expert Michael Pento, the answer might be more complex, and even a little unsettling.
Is The US Govt Scrambling To Buy Gold? | Michael Pento
Liberty and Finance: 2-18-2025
In this interview, Michael Pento offers a compelling theory about the U.S. gold reserves, suggesting that the official 261 million ounces of gold reported by the Treasury may not truly be there.
He speculates that the U.S. government could be scrambling to buy gold to replace what has been loaned out or never existed, potentially in preparation for an audit.
The price of gold has been defying expectations. Despite headwinds from high interest rates and a strong dollar – factors that typically depress the price of the precious metal – it continues its upward march. Is inflation the only driver? According to market expert Michael Pento, the answer might be more complex, and even a little unsettling.
In a recent interview on Liberty and Finance, Pento floated a provocative theory: the U.S. gold reserves, officially reported by the Treasury at 261 million ounces, may not be what they seem. He suggests that the government could be secretly scrambling to acquire gold, not necessarily for standard economic purposes, but potentially to replenish reserves that have been loaned out or, more dramatically, never existed in the first place.
Pento’s speculation centers around the possibility of an impending audit of the U.S. gold reserves. While the government routinely claims to hold a vast quantity of gold, independent verification is rare. His theory posits that if a rigorous audit were to be undertaken, the U.S. might find itself in a precarious position, forced to scramble for gold to cover a shortfall.
This isn’t just about questioning the numbers; it’s about the implications for the global economy. If Pento’s theory holds water, it could point to a deeper instability within the U.S. financial system than is currently acknowledged. A lack of transparency surrounding gold reserves erodes trust in the government’s financial management and could have far-reaching consequences.
The interview underscores the importance of keeping a close eye on gold and other real assets as barometers of economic health. In an era of unprecedented economic uncertainty, these tangible investments can offer a clearer picture of the underlying realities than traditional financial indicators.
Whether Pento’s theory proves accurate remains to be seen. However, his perspective provides a compelling reason to question the official narrative and demand greater transparency regarding the nation’s gold reserves.
As the price of gold continues to defy conventional wisdom, his words serve as a powerful reminder that the truth is often hidden beneath the surface. The continued rise in gold prices, despite unfavorable market conditions, demands closer scrutiny and could be signaling a silent, strategic maneuver by the powers that be. The message is clear: watch gold, and watch it closely.
Coffee with MarkZ and Andy Schectman. 02/19/2025
Coffee with MarkZ and Andy Schectman. 02/19/2025
MarkZ Update- Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: Good morning Mark...all wonderful mods and friends
Member; What is the good word today Mark?
Coffee with MarkZ and Andy Schectman. 02/19/2025
MarkZ Update- Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: Good morning Mark...all wonderful mods and friends
Member; What is the good word today Mark?
Member: What happened to the bond people that got paid. I thought bonds were supposed to kick everything off?
MZ: the bond folks who got money are the facilitators…not the bond holders. When the bond holders get their money …we are very close.
Member: I believe facilitators are like group leaders and paymasters….not the bond holders
MZ: On the positive side….things just lit up. A number of bond holders have told me they expect to get their payments late this week into early next week. This has come from many sources on 3 different continents. Since it came from so many sources I believe it’s safe to say that bond holders will soon have cash. It is my understanding the bond holders should get full payments.
MZ With the vast number of bond contacts that have checked in…I imagine groups will start checking in at any moment. Hopefully this will help us narrow down the timing.
Member: Hey Mark if you said bonds have nothing to do with the revalue, why do you get so excited about it if they’re not related?
Member: Because the historic bonds are supposed to pay out before the currencies…..So if they go….we are next
MZ: They have to close out the old books so they can start the new books. Closing out the historic bonds closes out the old books. Bond facilitators told me they pay the commissions out first in fiat money….then the bonds themselves will be paid in asset backed….then you and I all go to the bank.
Member: Elon is doing a final audit to close down the old system ...then hopefully the new QFS system can take over with the new system
Member: How could bond commissions be paid ? if people with bonds have not been paid , in my experience we don’t recieve commission until the Job is done !
MZ: once again I will say fees were designed to be paid out in fiat.
Member: Can bond holders buy more currency after they get paid?
MZ: They are not allowed to double dip. That is what I was told.
Member: isn't our fiat bank accounts mirrored on the qfs? if so it doesn't matter if they are paid in fiat
MZ: I am told they mirror at the exact moment they flip the switch.
Member: If Knox is empty or depleted- where is the gold for new currency?
Member: looks like lots of gold bars being delivered from England to the US. Maybe restocking before the audit?
Member: Bank of England Defaults on Technical Gold Deliveries — Paper Gold ExposedThe Bank of England has defaulted on its technical gold deliveries, revealing that its gold reserves existed only on paper.
Member: The whereabouts of the gold remain unknown. Instead of using the term "default," British media have adopted the euphemism "shortfall." Business as usual.
Member: The Bank of England issued a statement saying it could deliver gold to clients only within 4-8 weeks, which is illegal under the law requiring delivery within 14 days.
Member: SEC meeting tomorrow at 1:00 rumor is all law suits will be closed! Ripple will be integrated into the sovereign wealth fund as the mechanism for cross border payments… XRP will move millions. GOLD!
MZ: “ Will XRP price hit $100 after US President Donald Trump’s Ripple endorsement?” Trump is embracing crypto’s role in our economy. Buckle up and keep watching. Many crypto gurus are calling for a massive increase in value on XRP in the next couple of months.
Member: Breaking: The head of the US Postal Service, Louis DeJoy to step down !!!!
MZ: In Iraq: “Restoring confidence in Iraqi banks-out of the box solutions to save the economy” There is an underlining theme to articles out of Iraq. Restructuring banks and the government wants to protect the financial sector…conversations today are how many people had lost faith in the banks.
Member: Sounds like a worldwide problem.
MZ: one of the things they are discussing is they need to change values……and people lost faith when they “devalued” the currency….as opposed to more people using the banks when they “increase” the value of the currency.
Member: Thanks Mark, Mods and Andy……..we appreciate you all.
Member: Praying everyone is safe, warm, and dry today !!
Andy Schectman from Miles Franklin joins the stream today. Please listen to the replay for his information and opinions.
THE CONTENT IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY&NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY
FOLLOW MARKZ : TWITTER . https://twitter.com/originalmarkz?s=21. TRUTH SOCIAL . https://truthsocial.com/@theoriginalm...
Mod: MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM
MARKZ DAILY LINKS: https://theoriginalmarkz.com/home/
Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, medical opinions or many guests on this stream……just RV/currency related topics.
ZESTER'S LINK TREE: https://linktr.ee/CrazyCryptonaut
THANKS FOR JOINING. HAVE A BLESSED DAY! SEE YOU ALL THIS EVENING FOR NEWS @ 7:00 PM EST ~ UNLESS BREAKING NEWS HAPPENS!
News, Rumors and Opinions Wednesday 2-19-2025
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR: Update as of Wed. 19 Feb. 2025
Compiled Wed. 19 Feb. 2025 12:01 am EST by Judy Byington
Tues. 18 Feb. 2025: BOOM! FORT KNOX GOLD SCANDAL ERUPTS: TRUMP & ELON MUSK DEMAND AUDIT – DEEPSTATE PANICS!
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR: Update as of Wed. 19 Feb. 2025
Compiled Wed. 19 Feb. 2025 12:01 am EST by Judy Byington
Tues. 18 Feb. 2025: BOOM! FORT KNOX GOLD SCANDAL ERUPTS: TRUMP & ELON MUSK DEMAND AUDIT – DEEPSTATE PANICS!
$425 BILLION VANISHED? The U.S. government LIED for 50 YEARS, claiming 5,000 TONS of gold at Fort Knox, but NO ONE has seen it since 1974! Trump & Elon Musk are launching a HISTORIC AUDIT—if the gold is GONE, the U.S. dollar COLLAPSES, the economy IMPLODES, and the Deepstate is FINISHED!
TRUMP & MUSK TO AUDIT FORT KNOX – AMERICA’S BIGGEST FINANCIAL COVER-UP ENDS: For 50 years, the American people have been DECEIVED. The government claims nearly 5,000 tons of gold—worth $425 billion—are secured at Fort Knox. Yet, no one has verified it since 1974. No audit. No proof.
But the cover-up ENDS NOW. With Trump back and Musk leading the charge, a full-scale audit is imminent. If the gold is MISSING, decades of corruption will be exposed. The Deepstate’s secrets will be laid bare.
MUSK DEMANDS TRANSPARENCY – THE AUDIT BEGINS: Elon Musk, a disruptor of Big Tech and Wall Street, is now taking on the ULTIMATE FRAUD. He demands a LIVE, independent audit of every ounce. If the gold is there, PROVE IT. If it’s GONE, EXPOSE the THIEVES.
TRUMP LEADS THE CHARGE – DEEP STATE FEARS THE TRUTH: Trump has RETURNED to the White House, and he won’t back down. Unlike past leaders, he refuses to be controlled by the Federal Reserve’s DECEIT. An audit is coming, and if the gold is missing, those responsible will FACE JUSTICE.
WHAT IF THE GOLD IS GONE?
– The U.S. DOLLAR COLLAPSES.
– Wall Street IMPLODES.
– Inflation SKYROCKETS.
– The Federal Reserve is EXPOSED as a FRAUD.
– GOLD prices EXPLODE.
FOR 50 YEARS, THE DEEPSTATE HID THE TRUTH – NOW IT’S GAME OVER! If Fort Knox is EMPTY, America demands JUSTICE. The criminals behind the greatest financial LIE in history must FALL.
NO MORE SECRETS – SHOW THE GOLD OR FACE THE CONSEQUENCES!
~~~~~~~~~~~
UNDER NESARA LAW:
The IRS and Income Tax will be abolished. There will be a 14% flat rate sales tax, applied only to new, non-essential items. Food and medicine will be tax-free as will the sale of all used items including homes.
Benefits to senior citizens will increase.
The U.S. Treasury will roll out a ‘rainbow currency,’ backed by gold, silver and platinum precious metals. This move will end the U.S. bankruptcy initiated by Franklin Roosevelt in 1933, replacing it with a solid, tangible financial foundation.
A new U.S. Treasury Bank System will be in force designed to align with Constitutional Law. The current Federal Reserve System will be phased out over a year-long transition period, eventually rendering it obsolete.
Financial privacy will be restored.
Enormous sums of money will be released for humanitarian purposes.
~~~~~~~~~~
Tues. 18 Feb. 2025 Bruce:
A Redemption Center Leader told Bruce he received an email this morning that said “be prepared to go into the Redemption Center at a moment’s notice.”
An Iraqi contact said that Iraq was told they were to have the official new Dinar Rate in the Gazette tomorrow Wed. 19 Feb.
Another contact said we would have appointments by Thurs. 20 Feb.
Read full post here: https://dinarchronicles.com/2025/02/19/restored-republic-via-a-gcr-update-as-of-february-19-2025/
************
Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 I got a stronger feeling every day that I wake up, that a lot of the decisions of this reform are now being done by a far better leader.
Mnt Goat Article: “THE PRESIDENT OF THE REPUBLIC APPROVES THE AMENDMENT TO THE BUDGET LAW” Thiswas the main issues from the Kurdistan region in the monthly salary payments they were receiving for their share of the oil revenues...They wanted more in the budget and so now they have it...I want everyone to know that the passing of this bill is NOT the Oil and Gas Law and is NOT going to trigger the RV.
Gold Price Is Skyrocketing!! Is It Too Late To Buy Now?
George Garmon: 2-19-2025
ON A MASSIVE SCALE. CENTRAL BANKS ARE ABOUT TO ENTER A NEW PHASE OF WORLD DEBT EXPANSION.
Greg Mannarino: 2-19-2025
10 Sneaky or Unrecognizable Signs That Someone Is Wealthy
10 Sneaky or Unrecognizable Signs That Someone Is Wealthy
November 30, 2024 Caitlyn Moorhead
You may think you can spot signs of someone’s wealth at a glance. Surely you just look for designer clothing and purses, yachts, fancy cars, gigantic mansions or diamonds dripping from fingers, right? Not necessarily.
There are many signs of wealth you wouldn’t notice from such a lofty perch. Real money isn’t always obvious, and large amounts of it don’t always drive up in luxury cars. If you’re wondering who is living life in the wealthiest ways possible, here are 10 sneaky signs to look for to determine if someone is wealthy.
10 Sneaky or Unrecognizable Signs That Someone Is Wealthy
November 30, 2024 Caitlyn Moorhead
You may think you can spot signs of someone’s wealth at a glance. Surely you just look for designer clothing and purses, yachts, fancy cars, gigantic mansions or diamonds dripping from fingers, right? Not necessarily.
There are many signs of wealth you wouldn’t notice from such a lofty perch. Real money isn’t always obvious, and large amounts of it don’t always drive up in luxury cars. If you’re wondering who is living life in the wealthiest ways possible, here are 10 sneaky signs to look for to determine if someone is wealthy.
They Can Afford the Price of Peace of Mind
Real wealth isn’t just about having a fat bank account; it’s about feeling secure and stress-free where finances are concerned. It turns out that money may not buy happiness — but it certainly does buy peace of mind.
It’s less about having more, and more about feeling financially stable. Wealth can bring a certain kind of mental and emotional freedom that others don’t have, and that’s not something you can see necessarily by just looking at a person.
They Can Afford To Be Generous
Many affluent individuals are deeply involved in philanthropy, because it’s not a great look to not share your millions. Hopefully, though, these generous donations to charities are mostly for the betterment of mankind and not just the tax write-off.
However, this also might not be something wealthy people talk about — they may just do it quietly.
They Value Experiences Over Things
The wealthy often prioritize experiences over material possessions because they already own everything money can buy. If you buy an expensive pair of shoes or go on an expensive trip, which are you more likely to remember in five years?
Wealthy people have the luxury of being able to travel more and experience unique opportunities, which can be a sign of a higher income than your average person.
They Use Private Banking Services
Among the less obvious signs of wealth is access to private banking products and services. This level of financial planning often requires specifically curated bank accounts, tax-advantaged investment strategies and other high-end financial services.
Private banking doesn’t necessarily come cheap, so if you know someone who uses this type of service, chances are they are well off.
TO READ MORE: https://www.gobankingrates.com/money/wealth/unrecognizable-signs-of-wealth/?hyperlink_type=manual
Seeds of Wisdom RV and Economic Updates Wednesday Morning 2-19-25
Good Morning Dinar Recaps,
GOLDMAN SACHS RAISES 2025 GOLD PRICE FORECAST TO $3,100 AMID CENTRAL BANK DEMAND
Goldman Sachs has raised its year-end 2025 gold price forecast to $3,100 per ounce from $2,890, driven by sustained central bank demand. The investment bank predicts that higher central bank purchases, now estimated at 50 tonnes per month (up from 41 tonnes), will boost gold prices by 9% by year-end, alongside increased ETF inflows as interest rates decline.
Goldman noted that if monthly purchases reach 70 tonnes, gold could climb to $3,200, while steady Federal Reserve rates could see prices at $3,060. Persistent policy uncertainty, including trade tensions, may push gold to $3,300 due to prolonged speculative buying. Rising U.S. fiscal concerns could further lift prices to $3,250 by December 2025.
Good Morning Dinar Recaps,
GOLDMAN SACHS RAISES 2025 GOLD PRICE FORECAST TO $3,100 AMID CENTRAL BANK DEMAND
Goldman Sachs has raised its year-end 2025 gold price forecast to $3,100 per ounce from $2,890, driven by sustained central bank demand. The investment bank predicts that higher central bank purchases, now estimated at 50 tonnes per month (up from 41 tonnes), will boost gold prices by 9% by year-end, alongside increased ETF inflows as interest rates decline.
Goldman noted that if monthly purchases reach 70 tonnes, gold could climb to $3,200, while steady Federal Reserve rates could see prices at $3,060. Persistent policy uncertainty, including trade tensions, may push gold to $3,300 due to prolonged speculative buying. Rising U.S. fiscal concerns could further lift prices to $3,250 by December 2025.
The bank reiterated its "Go for Gold" trading strategy, emphasizing gold as a hedge against trade tensions, Fed risks, and recession threats. Inflation fears and U.S. debt sustainability could also drive central banks, especially those holding significant U.S. Treasury reserves, to increase gold acquisitions. Goldman expects these factors to sustain strong gold demand, bolstering its bullish outlook.
@ Newshounds News™
Source: Economic Times
~~~~~~~~~
NIGERIA MOVES TO TAX CRYPTO TRANSACTIONS AS PART OF ECONOMIC RECOVERY PLAN
Nigeria’s government is advancing plans to incorporate cryptocurrency transactions into its tax framework, with lawmakers reviewing legislation expected to pass in early 2025.
▪️The Nigerian SEC aims to increase licensed exchanges to enhance oversight while taking enforcement actions against unregulated platforms.
▪️Major exchanges including OKX, Binance and KuCoin have faced regulatory challenges, with some suspending services in the Nigerian market.
▪️Recent regulatory updates include a 7.5% VAT on digital assets and stricter marketing rules to protect investors from potential scams.
The Nigerian government is set to revise its cryptocurrency regulations to include digital asset transactions under its tax framework.
The decision comes as part of efforts to generate revenue and stabilize the economy following fuel subsidy removals under President Bola Tinubu’s administration, according to a Bloomberg report.
Nigerian Lawmakers Push for Crypto Taxation
To address economic challenges and ease financial strain on citizens, Nigerian lawmakers are considering imposing taxes on digital asset transactions carried out on regulated exchanges. While banks remain prohibited from facilitating crypto transactions, the government believes that taxing crypto activities could provide an essential revenue stream.
According to Bloomberg, lawmakers are currently reviewing a proposed bill that includes crypto taxation alongside other tax reforms. If approved, the law is expected to pass within the first quarter of 2025.
The latest development follows the country’s previous tax measures on digital assets. In July 2024, Nigeria imposed a 7.5% value-added tax (VAT) on digital asset transactions, prompting compliance from exchanges such as KuCoin, which adjusted its transaction fees accordingly.
SEC Seeks to Expand Licensed Crypto Exchanges
In addition to taxation, the Nigerian Securities and Exchange Commission (SEC) is working on increasing the number of licensed crypto exchanges in the country.
According to Bloomberg, the SEC aims to issue regulatory licenses to crypto firms to enhance oversight, ensure compliance, and facilitate taxable transactions. The regulatory body believes that a structured environment will boost investor confidence and create a more transparent crypto ecosystem.
The SEC granted its first official crypto exchange license to Quidax in August 2024, marking a significant step towards regulatory clarity. Shortly after, the agency began planning enforcement actions against unregulated exchanges in September.
Regulatory Crackdown on Unregistered Crypto Firms
Nigeria’s tightening crypto regulations have already impacted several major players in the industry. In May 2024, OKX suspended Naira withdrawals due to regulatory concerns, which eventually led to the company leaving the market.
Other exchanges like Binance also faced scrutiny from the Nigerian government. Authorities in the African country accused the exchange of manipulating the local currency, through its peer-to-peer (P2P) services. The company also faced other allegations such as money laundering, and facilitating tax evasion.
As a result of these allegations, Binance were forced to halt P2P services for Nigerian users. Shortly after, KuCoin also followed suit, removing the Nigerian naira from its platform.
Further escalating its crackdown, Nigeria’s Economic and Financial Crimes Commission (EFCC) demanded Binance provide user data for individuals who traded on its platform.
Additionally, in December 2024, the Nigerian SEC updated its crypto marketing regulations to curb the influence of social media promoters advertising unregulated crypto products. The move was intended to protect investors from potential scams and misinformation.
@ Newshounds News™
Source: Coinspeaker
~~~~~~~~~
Seeds of Wisdom Team RV Currency Facts Youtube and Rumble
Newshound's Podcast Link
Newshound's News Telegram Room Link
Q & A Classroom Link
Follow the Roadmap
Follow the Timeline
Seeds of Wisdom Team™ Website
Subscribe to Seeds of Wisdom Team™ Newsletter
Thank you Dinar Recaps
Gold Revaluation: Catalyst for a Global Currency Reset and Trump’s Mar-a-Lago Accord as the New Bretton Woods
Gold Revaluation: Catalyst for a Global Currency Reset and Trump’s Mar-a-Lago Accord as the New Bretton Woods
Awake-In-3D February 18, 2025
Is the global financial system on the brink of a historic transformation?
As the world faces mounting economic instability, discussions are intensifying around a potential gold revaluation and its role in a comprehensive Global Currency Reset (GCR).
Some analysts suggest this shift could be orchestrated through a “Mar-a-Lago Accord,” drawing comparisons to the 1944 Bretton Woods Agreement and positioning President Donald Trump as a central figure in a new monetary framework.
Gold Revaluation: Catalyst for a Global Currency Reset and Trump’s Mar-a-Lago Accord as the New Bretton Woods
Awake-In-3D February 18, 2025
Is the global financial system on the brink of a historic transformation?
As the world faces mounting economic instability, discussions are intensifying around a potential gold revaluation and its role in a comprehensive Global Currency Reset (GCR).
Some analysts suggest this shift could be orchestrated through a “Mar-a-Lago Accord,” drawing comparisons to the 1944 Bretton Woods Agreement and positioning President Donald Trump as a central figure in a new monetary framework.
With financial precedents set by past gold revaluations in 1934 and 1973, and the U.S. grappling with a ballooning national debt, the possibility of an official gold price adjustment is gaining traction. Meanwhile, central banks—particularly in China, Russia, and Europe—are stockpiling gold at unprecedented rates, signaling a shift away from the dollar-based financial system.
Could a U.S.-led gold revaluation be the catalyst for a global financial reset? And if so, what would this mean for markets, debt, and the future of money itself?
The Case for Gold Revaluation
Historically, the U.S. government has strategically revalued gold to manage financial crises.
The Gold Reserve Act of 1934 raised gold’s price from $20.67 to $35 per ounce, devaluing the dollar and providing the government with a massive financial windfall. In 1973, another revaluation increased the official gold price to $42.22 per ounce—a valuation that remains unchanged today, despite market prices exceeding $2,900 per ounce.
Currently, the U.S. Treasury still values its 8,133 tons of gold at $42.22 per ounce, reflecting only $11 billion on paper. At market value, these reserves would be worth over $750 billion, offering a unique opportunity: by marking gold to its actual market price, the U.S. could instantly strengthen its balance sheet without selling a single ounce.
Strategic Implications of Gold Revaluation
A gold revaluation could serve several key purposes:
Debt Reduction: With national debt exceeding $34 trillion, recalibrating the official gold price would provide a financial windfall, potentially offsetting deficits or backing long-term U.S. bonds (e.g., 50- to 100-year bonds).
Global Financial Realignment: A U.S.-led gold revaluation could challenge China’s and Russia’s efforts to move away from dollar-based trade by reasserting the dollar’s credibility in global markets.
Market Stability: Amid growing concerns over fiat currency devaluation, a gold revaluation could restore confidence in monetary policy while reinforcing the dollar’s global reserve status.
However, such a move would not occur in isolation. The ripple effects across the global economy could accelerate the long-rumored Global Currency Reset (GCR).
The Mar-a-Lago Accord Gold Revaluation: A Modern Bretton Woods?
If gold revaluation is imminent, it is likely to be part of a broader international monetary realignment—potentially organized under what some are calling the “Mar-a-Lago Accord.”
This concept draws inspiration from the Bretton Woods Agreement of 1944, which established the post-war monetary system. Analysts speculate that a similar global summit—possibly led by Trump—could lay the groundwork for a new gold-backed financial order.
A Mar-a-Lago Accord could facilitate:
A New Reserve Standard: Countries could peg their currencies to a newly adjusted gold price, reducing reliance on fiat currency.
A Partially Gold-Backed Dollar: Instead of a full gold standard, the U.S. Treasury could back a portion of the money supply with gold, reinforcing trust in the dollar.
A Coordinated GCR Event: This could include the strategic revaluation of multiple global currencies—such as the Chinese yuan, Russian ruble, and European euro—potentially redistributing monetary influence across world markets.
Given that central banks are aggressively acquiring gold, many believe this restructuring is already taking shape behind the scenes.
The Bottom Line: Is a Gold-Backed Reset Inevitable?
While the U.S. government has not officially announced a gold revaluation, growing economic pressures and geopolitical realignments suggest a major monetary shift is underway. Whether through a U.S.-led initiative or a broader global reset, gold is once again emerging as a cornerstone of the financial system.
The idea of a Mar-a-Lago Accord, in which global leaders convene to coordinate a new monetary order, is no longer far-fetched. With China and Russia challenging the dollar’s dominance and central banks accumulating gold, the foundation for a Global Currency Reset is solidifying.
If history is any indication, the next financial crisis may not be met with more fiat money printing—but with a return to gold’s central role in the monetary system. Those who recognize this shift now will secure their place on the right side of history.
Sources & References
Bloomberg Macro Strategist Simon White, February 13, 2025
Financial Times Editorial, February 10, 2025
Peter Boockvar’s gold revaluation analysis, Financial Times, February 10, 2025
Luke Gromen, “Forest for the Trees” analysis, Financial Times, February 10, 2025
U.S. Treasury gold reserves valuation, historical records (U.S. Treasury Department)
James Rickards on historical gold revaluations, Bloomberg, February 13, 2025
=======================================
© GCR Real-Time News
Visit the GCR Real-Time News website and search 100’s of articles here: Ai3D.blog
Join my Telegram Channel to comment and ask questions here: GCR_RealTimeNews
Follow me on Twitter: @Real_AwakeIn3D
“Tidbits From TNT” Wednesday Morning 2-19-2025
TNT:
Tishwash: Parliamentary meeting with the Governor of the Central Bank and officials from the Ministry of Finance
The Parliamentary Finance Committee held a closed meeting today, Tuesday, with the Governor of the Central Bank, Ali Al-Alaq, the directors of Rafidain Bank and the Trade Bank of Iraq (TBI), the Director of the Anti-Money Laundering Department at the Ministry of Finance, and other officials, to discuss the file of financial sanctions on some banks.
TNT:
Tishwash: Parliamentary meeting with the Governor of the Central Bank and officials from the Ministry of Finance
The Parliamentary Finance Committee held a closed meeting today, Tuesday, with the Governor of the Central Bank, Ali Al-Alaq, the directors of Rafidain Bank and the Trade Bank of Iraq (TBI), the Director of the Anti-Money Laundering Department at the Ministry of Finance, and other officials, to discuss the file of financial sanctions on some banks. / link
Tishwash: A burning economic debate.. Is raising the exchange rate the magic solution for the Iraqi economy?
An ongoing debate among economists in Iraq about the effects of adjusting the exchange rate of the Iraqi dinar against the US dollar on the national economy, especially in the fields of agriculture and industry.
The opinions of experts and officials vary between supporters and opponents of changing the exchange rate, with a focus on how this will affect the productive sectors and the overall economy.
In 2020, the Central Bank of Iraq decided to adjust the exchange rate of the dollar against the dinar, as the purchase price of the dollar from the Ministry of Finance reached 1,450 dinars, while its selling price to banks was set at 1,460 dinars, and to citizens at 1,470 dinars per dollar.
In February 2023, the Central Bank of Iraq announced another adjustment in the exchange rate, to become 1,300 dinars per dollar, as the decision came in an attempt to control inflation and achieve stability in the general price level.
Protecting the Iraqi Dinar
In turn, economic expert Alaa Al-Fahd believes that “the current exchange rate represents a balance that protects the value of the Iraqi Dinar and maintains the general price level, which helps protect the poor classes.”
“The main reason behind the rise in production costs is due to the rise in energy prices, not the exchange rate,” he told Iraq Observer.
“The real problem that hinders the rise of productive sectors, especially agriculture and industry, is related to the energy crisis, especially electricity, as this crisis leads to higher production costs, which prevents the development of these sectors,” Al-Fahd added, noting that “countries like China have a low exchange rate for their currency, and despite that, their industry is thriving, which means that the decline in the currency may be an opportunity for the growth of local production, and not necessarily an obstacle to development.”
Historically, the Iraqi dinar has witnessed fluctuations in its value. In 1980, the dinar was equivalent to 3.3 US dollars, but its value deteriorated during the Iran-Iraq war, falling to about 4 dinars to the dollar in 1988. After the invasion of Kuwait and the imposition of an economic blockade in the 1990s, the value of the dinar deteriorated significantly, reaching about 3,000 dinars to the dollar in 1995.
Raise the exchange rate
On the other hand, Deputy Governor of the Central Bank of Iraq, Ihsan Shamran, believes that “industry will not rise unless the state finds itself in it, and neither will agriculture unless the exchange rate is changed, as the current rate is unfair, and the Iraqi exporter sells goods at any price and makes a profit because the dollar is very cheap.”
Shamran added in a press statement that “the cheap dollar is pushing some exporters to sell any commodity inside Iraq in exchange for the dollar, as the exchange rate should be between 2,000-2,500 dinars per dollar, considering that the Iraqi currency is very strong due to its high balance.”
He pointed out that “Iraq has reserves of nearly 120 billion dollars against a trading source estimated at 103-104 trillion dinars, which gives the Iraqi currency a cover of nearly 170%, which is not a small matter, but the relationship with the dollar requires adjusting the exchange rate to achieve the required balance.”
Experts have differed on the impact of these amendments on the Iraqi economy. While some believe that devaluing the dinar enhances the competitiveness of local products and reduces the budget deficit, others believe that it leads to higher living costs and negatively affects low-income groups.
Economists believe that the real problem lies in the structure of the Iraqi economy and its heavy dependence on oil, in addition to challenges related to energy and infrastructure, which hinder the development of other productive sectors. link
************
Tishwash: British Ambassador: Our view on Iraq has been fixed for 30 years, but now it has changed for the better
The British Ambassador to Iraq, Stephen Charles Hitchcock, confirmed today, Monday, that Iraq is a country of opportunities and investments, while expressing his optimism about the future of Iraq, due to the creativity, courage, dignity and endurance of the Iraqi people .
Hitchen said in a speech during the economic conference of the Iraqi-British Business Council, "My mission will end in two weeks, and it is natural for us to start thinking about what conclusions we can offer, and I share with you several ideas after a beautiful experience with you in Iraq. I am optimistic about the future of your country, and the source of optimism is the creativity, courage, dignity and endurance of the Iraqi people ."
He added, "Despite the challenges and problems, you can see that the trend towards the future is more positive in the current year 2025, and this is better than the situation in 2020, which was better than 2015, which was better than 2007, and the trend towards the future is clear and the existence of challenges cannot be ignored or denied, and you know the size of the challenges ahead of you ."
He continued, "For 30 years, British ministers viewed Iraq as a country of crises, a dangerous region and a security challenge. Now, for the first time, we have changed our ideas and see Iraq as a country of opportunities and investments," indicating, "The presence of our embassy in Iraq is not because of the past, but because of the future, and this is a turning point in our ideas ."
He explained, "The Iraqi government is responsive to our ideas and we have a contact group for the Iraqi economy which includes the G7 and the World Bank," explaining, "We spoke with government advisors with the aim of unifying economic ideas ."
He added, "Prime Minister Mohammed Shia al-Sudani's recent visit to London was to renew trade relations and announce projects worth 12 billion pounds sterling, and we have coordination and cooperation with the Prime Minister's Office to implement these projects in the coming period ."
Hitchen concluded by saying, “The most important existential challenge is not ISIS or regional problems, but the demographic and economic situation before you. We expect, over the next 15 years, a decline in the price of oil and an increase in the population, as in 2003 there were 23 million people, now there are 46 million people, and in 2040 the number will reach 70 million people, and this is a big challenge link
Mot: . 50 Licks!!! --- ooooops!!!
Mot: .. Just Saying!!! ----
Iraq Economic News and Points to Ponder Tuesday Evening 2-18-25
Iraq loses 10% of its total foreign official reserves in 2024 .. What are the reasons?
Economics 2025-02-18 | Source: Alsumaria News 2,299 views Alsumaria News – Economy witnessed Iraq During the year 2024, a remarkable decline in its foreign official reserves, as it decreased to 130 trillion Iraqi dinars by the end of the year, recording a loss of 6 trillion Iraqi dinars during the month of December alone, which represents 4% of the total reserves, according to what he mentioned The head of the Iraq Future Foundation for Research and Economic Consultation, Manar Al -Ubaidi. says Al -Ubaidi in a post followed by Alsumaria News, that
throughout the year, Iraq lost a total of 15 trillion Iraqi dinars, which is equivalent to 10% of its official reserves, to reach its lowest level in more than two years, as the reserves were at this level at the end of a year 2022, before it rose to 147 trillion Iraqi dinars in November 2023, and then re -decreased at the end of 2024.
Iraq loses 10% of its total foreign official reserves in 2024 .. What are the reasons?
Economics 2025-02-18 | Source: Alsumaria News 2,299 views Alsumaria News – Economy witnessed Iraq During the year 2024, a remarkable decline in its foreign official reserves, as it decreased to 130 trillion Iraqi dinars by the end of the year, recording a loss of 6 trillion Iraqi dinars during the month of December alone, which represents 4% of the total reserves, according to what he mentioned The head of the Iraq Future Foundation for Research and Economic Consultation, Manar Al -Ubaidi. says Al -Ubaidi in a post followed by Alsumaria News, that
throughout the year, Iraq lost a total of 15 trillion Iraqi dinars, which is equivalent to 10% of its official reserves, to reach its lowest level in more than two years, as the reserves were at this level at the end of a year 2022, before it rose to 147 trillion Iraqi dinars in November 2023, and then re -decreased at the end of 2024.
This decline is due to several main factors, foremost of which is the
high government expenditures, as
revenues were unable to achieve sufficient levels to cover the increasing expenses, which necessitated
resorting to reserves to fill the financial deficit and financing operational and investment expenditures that are still in continuous escalation. Besides,
there are other factors that have contributed to this decline,
imposing economic challenges that require a review of financial policies to ensure the stability of cash reserves in the future, according to Al -Ubaidi.
https://www.alsumaria.tv/news/economy/516887/العراق-يخسر-10-من-مجمل-احتياطياته-الرسمية-الاجنبية-في-2024-ما-الأسباب
The Central Bank Organizes A Workshop To Introduce Artificial Intelligence
February 18, 2025 The Information Security Department, one of the formations of the Central Bank of Iraq, organized an introductory workshop for its employees with the concepts of artificial intelligence and its relationship to the security of cyber information and security.
The workshop discussed the
stages of the development of artificial intelligence and
its relationship with the security of cyber information and security, as well as
its new role in the financial and banking sector and the
risks that this sector can be exposed to.
The Central Bank of Iraq Media Office February 18, 2025 https://cbi.iq/news/view/2796
Banking Sector And Economic Bases
Economic 2025/02/17 of the. He Hamid Rhyme Janani It can be likened to the artery of life in relation to economic activity, and its role in any economy cannot be overlooked, regardless of that economy, sophisticated or developing, and even if it is backward, the
first model needs a banking system that is pushed through its sustainable activity to achieve positive growth in the gross domestic product, while the
second model has a role Under importance is to mobilize savings and direct them to investments to push towards the sustainability of development transformations. As for the
third category, it must activate the role of banks and improve their performance in a way that ensures the finding of the introductions of the economic transformation and change to move from the clutches of backwardness to the desired economic development.
Investments need financing and
the last is supposed to achieve by the banking sector and
this is what is discovered from the (Hardo-Dumar) model that is supposed to be
Economic growth as a product of economic development is based on the explicit relationship between the volume of savings and investments in the economy, and
this is definitely the role of banks.
The aforementioned roles are achieved through the mechanism of work of the banking system in any economy with the different pattern of its work, as
commercial banks that work with their credit policies using the teams that have the price of creditor and debtor, and
those Islamic ones that take a pattern based on speculation, agency, murabaha, participation and consultation, as some banks invest Trade in securities with its various types.
The essence of banking operations in its various forms is looking to achieve a very important purpose,
which is to find an economic balance between financial surpluses on the one hand and financial scarcity on the other hand, but how?
Of course, there are individuals in society who have financial resources and do not have investment thought, in return there are individuals and institutions that have investment thought but they need financial financing,
the banking system comes to exercise the role of the mediator between the two categories and through the interest rate and credit policy or the tools of Islamic banks to withdraw financial surpluses to re-pump it into the economy By directing it to the business sector, and
here is the secret behind the state of economic growth and enhancing development gains and shift towards the beginnings of economic development, and
it must be indicated by the transit role of the borders of the process of transporting capital across countries,
everything that is presented expresses the governing economic rules of the work of the banking system.
Iraq and the dilemma of the banking apparatus,
that dilemma that begins with international sanctions inherited from the previous regime, which was imposed on the largest banks, Al -Rafidain and Al -Rasheed, which have not been raised to this day, and
despite the establishment of many private banks, the number of banks reached (79) banks distributed according to ownership (8 (Government banks, (71) private banks, and (7) of private banks in which foreign partnerships, the observer did not touch the economic situation a developmental role for the banking system by noting
the general economic situation dominated by the rentier style according to the diversity indicators issued by the Ministry of Planning, the transformational industrial sector contributes to a rate The percentage of (2 percent) only and the agricultural (5 percent) only and other low percentages from other contributions and
the most important point is that the rate of what the banking sector maintains from the cash source by
the central bank did not exceed (12 percent) only and the rest is cash in trading the banking sector did not succeed in Attracting it, and this reflects the weak confidence in the device Banking.
The most important misfortunes on the banking system are the international sanctions imposed, as the number of punishable banks in 2023 (14) banks reached the penalties before them (4) other banks.
Despite the efforts to address the defect in the banking system, such as government attempts to structure the largest banks (Al-Rafidain and Al-Rasheed) by relying on international advice, the central bank’s policies to enhance control over its work and the ongoing negotiations to lift the sanctions and others, the banking system is still suffering from clear challenges.
The desired economic development in Iraq needs a banking sector working (with economic rules) a necessary condition and not sufficient to achieve the shift towards the beginnings of development, and without it the problems of (monetary liquidity) remain stuck because the monetary bloc in the economy is with its largest part of The banking system. https://alsabaah.iq/110251-.htm
For current and reliable Iraqi news please visit: https://www.bondladyscorner.com/